1513-15 Mulberry Street, Scranton, PA 18510
$989,000
Property Type:
Commercial Sale
Square Footage:
7,500
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$989,000
List Date:
10/10/2026
Last Modified:
11/02/2026
Listing Details MLS# SC-265104
General Property Information
- Number Of Units Total
- 10
- Building Area Total
- 7500
- Building Area Total (Report Only)
- 7500
- Enhanced Accessible
- No
- Year Built
- 1950
- Lot Size Acres
- 0.08
- Lot Size Dimensions
- 40X90
- Lot Dimensions Source
- Assessor
- Waterfront YN
- No
- Stories
- 4
- List Price/SqFt
- 131.87
- Auction YN
- No
Contract Information
- Listing Contract Date
- 2026-10-10
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- 1513 Mulberry St LLC
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 1513-15
- Street Name
- Mulberry
- Street Suffix
- Street
- State
- PA
- Postal Code
- 18510
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- **10-UNIT INVESTMENT OPPORTUNITY | 10.8 CAP RATE | $106,643 NOI | RECENTLY RENOVATED | PRIME SCRANTON LOCATION** Exceptional opportunity to acquire a 10-unit residential investment property in Scranton's desirable Hill Section, offered at $989,000. Featuring an approximate 10.8 cap rate based on the reported NOI, this property presents an exciting opportunity for investors seeking substantial rental income, recent capital improvements, and a prime location. **A major advantage for investors: ALL UTILITIES ARE COMPLETELY SEPARATED, including gas, water, and electric.** The property offers $118,500 in gross annual rental income at full occupancy and a reported net operating income of $106,643. 8 of the 10 apartments are currently occupied, with two additional units vacant and ready for immediate occupancy, providing an opportunity to lease the remaining units. All 10 apartments have been remodeled within the past 12 months, featuring modern finishes and new appliances. Additional major improvements include new electrical and plumbing throughout the building, offering buyers a substantially updated multifamily property. The location is exceptional! Situated just blocks from the University of Scranton and three major hospitals--Geisinger Community Medical Center, Moses Taylor Hospital, and Regional Hospital of Scranton--the property is ideally positioned near major employment centers and educational institutions. Interstate 81 and downtown Scranton are just minutes away, adding to the property's rental appeal. With 10 residential units, separately metered utilities, extensive recent renovations, and convenient access to Scranton's major institutions, this property deserves a closer look from investors seeking their next multifamily acquisition. **Investor inspection report available upon request.** Don't miss this opportunity to own a substantial multifamily asset in a high-demand location!
- Exclusions
- Tenants personal property
Status Change Information
- Major Change Timestamp
- 2026-10-10T22:30:55Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-10-10
Location, Tax, and Legal
- Municipality
- Scranton City
- Tax Information
- Available
- Directions
- I-84 to Scranton. Take exit 184. Continue on PA-307 N/ & Moosic St. Take Harrison Avenue turn left onto Mulberry St.
More Information
Listing Office:
Real of Pennsylvania
Last Updated: November - 02 - 2026
Information deemed reliable but not guaranteed.